Rental de­mand in Scot­land now at an all-time high

The Oban Times - - PROPERTY -

Land­lords op­er­at­ing in Scot­land are en­joy­ing some of the best con­di­tions ever ex­pe­ri­enced, ac­cord­ing to new data, which sug­gests that the mar­ket north of the bor­der is now com­ing in line with the rest of the UK.

For some time, home own­er­ship lev­els in the UK have been drop­ping con­sid­er­ably as more and more peo­ple opt to be­come ten­ants in­stead, thanks to the con­ve­nience and free­dom this of­fers, and in Scot­land, this is now also be­com­ing the case, as ten­ant de­mand hit an all- time high in 2016, data shows.

Ac­cord­ing to the lat­est in­dex from Citylets, the past year has seen new highs hit for rental prices in a num­ber of dif­fer­ent cities across Scot­land as de­mand pushes ask­ing prices ever higher na­tion­wide.

Fiona Hind­shaw of Clyde Prop­erty said that the gen­eral con­sen­sus was that the mar­ket ex­pe­ri­enced new highs in 2016 and a real trend to­wards strength for some time to come.

‘ Pos­i­tive trends in­clude record low in­ter­est rates lead­ing to fur­ther buy- to- let in­vest­ment and as rental prices con­tinue to rise with in­creas­ing ten­ant de­mand, fu­elled in part by a hous­ing short­age, we also see this short­age fuel strong cap­i­tal growth, reaf­firm­ing prop­erty as a sound in­vest­ment for the fu­ture,’ she said.

Here at West we are ex­pe­ri­enc­ing the same strong mar­ket con­di­tions ex­pe­ri­enced in other areas, with rental de­mand out­strip­ping sup­ply. If you are think­ing about in­vest­ing in the rental sec­tor then we would be de­lighted to hear from you. Call a mem­ber of our team to­day on 01631 569 466.

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